ADC warns Tinubu's fuel tax could worsen living costs

The African Democratic Congress (ADC) stated that if President Bola Tinubu is re-elected, he will announce a fuel tax on May 29, 2027, exacerbating the cost-of-living crisis for many Nigerians. This statement was made in response to comments by Finance Minister Taiwo Oyedele at the IMF meeting in Bangkok, Thailand, where he described reports of a fuel tax as fake news.

Mallam Bolaji Abdullahi, ADC's National Publicity Secretary, claimed that a 5% fuel tax law had already been enacted under the Nigeria Tax Act and signed into law by Tinubu in June 2025. Abdullahi warned that this tax would increase petrol prices from N1,450 to N1,522.50 per litre, significantly impacting transportation, food distribution, and household expenses.

The ADC criticized the government's justification for the tax, arguing that Nigerians deserve tangible improvements before facing additional financial burdens. They also referenced Tinubu's past opposition to fuel taxes during his governorship of Lagos State.